The Ministry of Finance needs to coordinate with other agencies to research and report a plan on gasoline tax reduction to the Government, the Prime Minister and competent agencies for approval, Deputy Prime Minister Le Minh Khai, head of the National Financial and Monetary Policy Advisory Council, said on July 12.
At the meeting of the National Financial and Monetary Policy Advisory Council (Photo: VNA)
Hanoi (VNA) – The Ministry of Finance needsto coordinate with other agencies to research and report a plan on gasoline taxreduction to the Government, the Prime Minister and competent agencies for approval,Deputy Prime Minister Le Minh Khai, head of the National Financial and MonetaryPolicy Advisory Council, said on July 12.
Plans on cutting other tariffs should also be takeninto consideration, the official told a meeting of the council.
Reviewing the country’s economic development in thefirst half of this year, the Deputy PM noted that the national economy wouldrecover faster in the remaining months.
However, risks and challenges still remain, givensoaring gasoline and material prices and inflation pressure, he warned.
Khai, therefore, stressed the need to maintainmacro-economic stability, control inflation, ensure major economic balances,and accelerate the disbursement of public investments and the implementation ofthe socio-economic recovery and development programme, while managing financialand monetary policies.
He asked ministries and agencies to keep a closewatch on domestic, regional and international situation, particularly inflationand the prices of important materials, and the adjustment of the State’spolicies to update and perfect management plans and scenarios.
The State Bank of Vietnam (SBV) should flexibly rollout monetary tools and policies in combination with suitable fiscal policiesand other macro ones to tame inflation.
The finance ministry and the central bank were askedto continue with solutions to stabilise and develop the stock market, corporatebonds and the monetary market in a healthy, effective and safety manner.
The Deputy PM also assigned the Ministry of Industryand Trade to coordinate with other agencies and localities to keep an eye onmarket developments, espeicially oil and gas, and production materials, ensure thesupply-demand balance, and regulate gasoline prices./.
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At the meeting of the National Financial and Monetary Policy Advisory Council (Photo: VNA) 
